2007-08-29 09:04:38 · 5 answers · asked by Spike 1 in Business & Finance ➔ Personal Finance
That's a lot of debt for a 20 year old, unless most of it is school loans. Start working on getting anything paid off that isn't school loans or long term like a mortgage, and don't add to it.
Good luck.
2007-08-29 09:33:08 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
That's a lot of debt for a 20 year old. If your parents own their home, perhaps they can take out a 2nd mortgage and pay off your debts. Then I suggest you get a night job so you can pay back the loan, in the event your parents go for it. If that can not be done, your only way out is bankruptcy. Best of luck
2007-08-29 16:47:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As Dave Ramsey would say, "Beans and rice, rice and beans". Get yourself out of debt. It may seem like you do not have much time to get your life going but you do. Work off that debt and take as many jobs as you can to eliminate it without hurting your education. Check out his website.
2007-08-29 16:14:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
How did you "acquire" it? Was it all at once or was it gradual? What percent interest are you paying on it?
2007-08-29 16:13:07 · answer #4 · answered by Machater18 1 · 0⤊ 0⤋
qyit school -- get a good job -- downsize your life style and pay your debts!!!
2007-09-02 09:54:27 · answer #5 · answered by mister ed 7 · 0⤊ 0⤋